Empire Energy Corporation Intl. (fka EEGC)

[BobSinCA]

One can also find the Sept 1 and Sept 3 PRs in ihub postings on those dates.

Interesting reading for the masochists amongst us.

Also for the optimists who wonder why some of us question EEGC management capability and credibility.

Not sure how 'transparency' is measured -- EEGC does a lot of PRs with 'forward looking' statements that don't come true.

Also inaccurate information -- for example, the 'completion' of the GMH acquisition announced in the October 26 PR. The Q3 10-Q says the following about the GMH acquisition:

A deposit was placed to pursue this arrangement (purchase of GMH) with the use of a loan from CEO Malcolm Bendall. Transaction is expected to be completed in the fourth quarter 2010 or first quarter of 2011. Additional funding will be required to complete these acquisitions.

Why should the company be looking for funding for a 'completed' acquisition??

Looking at the big picture,in addition to looking for funding for drilling and the mystery technology (acquisition ($14M) and commercialization (estimated at $300M)), the company is looking for funding to buy an affinity credit card company which also distributes medical waste technology in West Africa. Looks like we have a conglomerate in the making.